Shell overall upstream investment in Australia would reach some

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canada goose coats The Prelude project, with a capacity of 3.6 million tonnes a year and which Shell expects to come online around 2017, canada goose factory sale would cheap canada goose uk be the largest floating object in the world longer than four soccer fields laid end to going to be a seal of confidence in the idea of floating LNG, said Tony Regan, analyst Canada Goose sale at Tri Zen Capital in Singapore. Up until now, the liquefaction of offshore gas has involved piping the gas to a land based plant.Shell executive director canada goose store of upstream international business, Malcolm Brinded, said floating LNG would the rules of the game in the LNG industry and said he hoped several more floating LNG projects uk canada goose will be approved before Prelude becomes operational.Shell overall upstream investment in Australia would reach some $30 billion over the next five years, the company said, but it declined to give details on Prelude cost.The canada goose uk black friday capital expenditure canada goose clearance for Prelude canada goose coats would be similar to recently approved LNG projects at around $3 billion to $3.5 Canada Goose online billion per million tonnes of LNG per Canada Goose Coats On Sale year, Brinded said. That would indicate costs for the 3.6 mtpa project of around $10.8 billion to $12.6 canada goose coats on sale billion.Shell, the largest private LNG shipper in the world, said it was ready to start detailed canada goose design and construction on the facility in a Canada Goose Jackets shipyard in South Korea.When fully equipped Canada Goose Online and with its storage tanks full, Canada Goose Parka it would weigh around 600,000 tonnes about six times as much as the largest aircraft carrier, Shell said. It would use 260,000 tonnes of steel and be designed to withstand a Category 5 cyclone.With the approval of Prelude, Shell joins a raft of other LNG project developers scrambling to meet rapidly growing Asian demand, particularly from China and India. Shell expects Asian LNG demand to double by 2020, according to Brinded.Japan LNG demand is also rising after canada goose uk shop a devastating earthquake and tsunami forced it to take several nuclear reactors buy canada goose jacket cheap offline.Japan has increased its LNG imports by 20 cargoes a month to fire gas power plants to compensate for some of the lost nuclear generation capacity. The impact of the tsunami may result in Japan bumping up LNG imports by 7 to 8 million tonnes per year from 70 uk canada goose outlet million tonnes of LNG Canada Goose Outlet in 2010. [ID:nL3E7GA07F]China imported just over 9 million tonnes of LNG canadian goose jacket in 2010, but its consumption is expected to rocket five fold to 46 million tonnes by cheap Canada Goose 2020.Australia currently has around A$200 billion cheap canada goose worth of LNG projects on the drawing board. The industry aims to triple current production to 60 million tonnes a year by 2020.significant from Australia perspective because it another project under construction, said Craig McMahon, an analyst at Wood Mackenzie. 2011 canada goose uk outlet you could have seven projects under construction at the same time, all the talk and potential is becoming buy canada goose jacket a reality.Earlier this week, Shell signed an agreement to supply Taiwan CPC Corp with 2 million tonnes of LNG per year for 20 years. Although the company said canada goose clearance sale the LNG supply would come from its global portfolio, analysts said the deal is likely linked to Prelude LNG. [ID:nL4E7GG11G]Shell technology is also due to be used in a planned floating LNG plant for the Greater Sunrise field in waters straddling East Timor and Australia with Woodside Petroleum. East Timor is disputing canada goose black friday sale the plan and wants an LNG plant built on its shores. (Editing by Ed Davies and Simon Webb) canada goose coats.